Editorial Comment

CDB Leasing IPO at low end and with significant state backing

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CDB Leasing IPO at low end and with significant state backing

All is wonderful on the face of things but behind closed doors one cannot help thinking that without state backing, it may not have been a good turnout for the China Development Bank Financial Leasing (CDB Leasing) initial public offering (IPO). The leasing company raised $799 million after pricing ...

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